The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1887-06-29
THE A., G. & ". TO Be BUILT.
THE OUTLOOK AS GOOD AS ITS MOST
JEALOUS ADVOCATES COULD WISH.
The Directors have been in Session.
The Georgia Construction Conn
pnny have Entered Into Writings
1.-The City of Knoxville 10 take
Action at Oncc-..WOrk TO be Com.
memced within FOrty-Five Days
After Knoxville Votes S3OO,OOO.
Knoxville Tribune.

Knoxville Tribune.
The Directors of Carolina, Knoxville and
Western Railroad Company have been III scs-
sion for two days in our city ?nd have
under consideration besides other busuGa-,
pertaining to The interest or the company, u
proposition made by the Georgia Construc-
ton and Investment Company.
The Georgia Construction and Investment
Company is chartered under the laws OF the
State OF Georgia and are said TO have ample
capital as we'll as almost unlimited credit.
The Directors of the railroad company consi-
derthemselveS very fortunate To make the ar.
rangements, and look upon the completion Of
their road as an absolute certainty within the
time mentioned In their agreement, or con-
tract, with the construction company.
The construction company haxe entered In.
TO writings with the Carolina, Knoxville and
Western railroad company, by which they
bind themselves to build, construct and equip
this road in flrstclass manner, including all
necessary depots, switches and side tracks
commencing at Knoxville and working
southeastward to the South Carolina line by
the most feasible route.
there remains only fifteen miles to be graded
The people OF that city will subscribe liberal
ly in order to secure the building Of the line
From Greenville to Augusta the road has
most for laying the track. When the line is
completed to this latter point we shall have
an outlet by different routes to Port Royal
Wilmington. Charleston and Savannah.
Carolina, have consolidated their interests
and arrangements have been made to have
the South Carolina Divisions TO join in, with
this virtually new company, when the com
pany will be complete. The gentlemen com
prising the South Carolina Division are eX
pected in this city sometime soon when The
necessary arrangements will be made for the
formation Of company which VIII have, rs
majority In the dlrectorship, some Of oul
representative business men.
This will insure the establishment Of the
principal offices, building of large shops and
round houses and an acquisition in the way
OF population Of many hundred clerks
mechanics and other families.
The road is to be laid with sixty pound steel
rails, and work will be commenced within
forty days after this city shall subscribe
$4,000 to the capital stock. The construc
ton company will put on force, beginning
at Knoxville, and pushing the work through
as fast as possible.
They have agreed and bound themselves tc
have the whole line completed and equipped
on or before the lst day, Of January, 1890 II
Is understood that the city bonds bearing In.
terest at the rate Of seven per cent are TO be
placed in trust only and not delivered over
until the line Is completed.
Everything is now IN readiness TO make a
proposition to the city, and will no doubt DC
done at the next meeting Of the City Council
The gentlemen composing the directorshir
feel confident that they can show TO our citi
zens the facts, the shortest line to the sea
coast, an Independent line, and one which
Will most certainly be built, as the company
undertaking the task are men Of experience
In the building OF railroads, and know nc
such thing as fail. If our people want the
Carolina. Knoxville and Western to com
mence operations, an opportunity Will nc
doubt be offered them soon to say by their
votes what they will do in the premises.